NOTICE TO TAXPAYERS OF ADDITIONAL APPROPRIATION OF BOND PROCEEDS

NOTICE TO TAXPAYERS OF ADDITIONAL APPROPRIATION OF BOND PROCEEDS

Notice is hereby given to the taxpayers of North Judson-San Pierre School Corporation (the “School Corporation”) that the Board of School Trustees (the “Board”) of the School Corporation will meet at the usual meeting place of the Board at the Central Administration Office, North Judson, Indiana, at the hour of 7:00 p.m. on April 19, 2016, to consider the following additional appropriation of the Taxable General Obligation Bonds of 2016 which the Board has preliminarily determined to issue. The Board considers such additional appropriation necessary to meet the extraordinary emergency existing at this time:

An appropriation in the amount of $1,430,000 on account of the reimbursement of prior capital expenditures and the financing of improvements and renovations at multiple school buildings within the North Judson-San Pierre School Corporation (the “Project”), including the incidental expenses necessary to be incurred in connection with the Project and the issuance of bonds on account thereof. The funds to meet such additional appropriation are to be provided by the issuance and sale of one or more series of General Obligation Bonds by the School Corporation.

The foregoing appropriation is in addition to all appropriations provided for in the existing budget and tax levy, and an extraordinary emergency for such appropriation exists by reason of the inadequacy of and need for repair and renovation of the present buildings to provide necessary school facilities in the School Corporation.

Taxpayers of the School Corporation appearing at the meeting shall have the right to be heard in respect to the additional appropriation.

Dated this 30th day of March, 2016.

Michael Shireman, Secretary

Board of School Trustees

North Judson-San Pierre School Corporation

079-16 G 03/30, 04/06